The South Korean liner carrier’s bankruptcy, which resulted in hundreds of thousands of shipments around the world being delayed, was the biggest in the container shipping industry since the 1986 bankruptcy of U.S. Lines.
Commentary: Sea-Land’s hero ship
The S.S. Detroit, also named the U.S.S. Tangier, was built in 1940 as a C-3 freighter and fired the first American shot of World War II before being sold to Sea-Land in the 1960’s for conversion to an automobile carrier.
CSX completes first phase of new tunnel in D.C.
The Class I railway has completed the first phase of the new Virginia Avenue Tunnel project in Washington, D.C., clearing the way for trains to move double-stacked intermodal freight between Mid-Atlantic seaports and the Midwest on its railroad network.
Executive Moves: Antwerp Port Authority and SingPost
The Antwerp Port Authority’s new CEO steps into role Jan. 1, while Singapore Post names former Toll Global Forwarding chief its global CEO.
A recap of 2016’s top stories
The transportation and logistics industry has experienced a notable year between Hanjin’s bankruptcy, the new verified gross mass regulation and the expanded Panama Canal.
Changes Affecting Both Fish and Wildlife & Animal And Plant Health Inspection Services
In a recently posted Public Bulletin, the Fish and Wildlife Service advised that as of January 2, 2017, U.S. importers and exporters will have to deal with changes to the Convention on International Trade in Endangered Species (CITES) listings and othe…
DP World ups stake in Korean port
The Dubai-based terminal operator increased its stake in Pusan Newport Company Limited to 66.03 percent.
RENT THE RUNWAY SECURES $60M FOR ITS BUSINESS OPERATIONS
Things are definitely looking up for Rent the Runway. Just recently, Rent the Runway announced that it got funds worth $60M through the efforts of Fidelity Management and Research Company, in collaboration with investors Technology Crossover Ventures, …
SHOES CAN BOOST RETAIL SALES NOW, SAY EXPERTS
In these uncertain times, shoes are a retailer’s best friend now. According to experts, shoes are now pivotal for a brand’s business growth, given how prices of handbags have increased in recent years. The footwear sector, apparently, is now more accessible. This tidbit comes in at a time when luxury …
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LAST-MINUTE SHOPPING BOOSTS HOLIDAY SALES
Retailers have found a saving grace to what was a slow kickoff of Holiday 2016. Just recently, experts said that an increase in last-minute shoppers and online orders have resulted into sales growth for the season. Research organization Customer Growth…